| Schedule of Investments In Real Estate Debt |
The details of the real estate debt investments are as follows ($ in thousands):
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Carrying Value and Fair Value at |
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Collateral |
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September 30, 2026 |
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December 31, 2025 |
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110 East - Pledge of equity interest (1)
Charlotte, NC, Office Building |
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$ |
— |
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$ |
18,218 |
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Neuhoff - Pledge of equity interest (2)
Nashville, TN, Mixed Use Development |
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19,586 |
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19,586 |
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5th & Walsh - Preferred equity interest (3)
Austin, TX, Office Development |
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— |
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— |
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$ |
19,586 |
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$ |
37,804 |
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(1)The first priority lender of the 110 East mortgage loan had a balance of $95.3 million as of December 31, 2025. (2)Reflects a loan to the Company's equity partner in the Neuhoff joint venture and is secured by such partner's 50% equity interest in the joint venture. (3)Reflects the current amount outstanding as of the periods presented related to the Company's commitment to fund up to $31.5 million.
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Interest Income for the
Three Months Ended September 30, |
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Interest Income for the
Nine Months Ended September 30, |
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Collateral |
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2026 |
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2025 |
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2026 |
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2025 |
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110 East - Pledge of equity interest
Charlotte, NC, office building |
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$ |
— |
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$ |
580 |
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$ |
238 |
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$ |
1,706 |
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Radius - Pledge of equity interest
Nashville, TN, office building |
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— |
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— |
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— |
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1,241 |
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Saint Ann - Pledge of asset
Dallas, TX, office building |
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— |
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— |
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— |
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350 |
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Neuhoff - Pledge of equity interest
Nashville, TN, mixed use development |
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544 |
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26 |
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1,518 |
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26 |
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$ |
544 |
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$ |
606 |
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$ |
1,756 |
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$ |
3,323 |
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